Reports Q2 revenue $250.2M, consensus $231.9M. Taylor Pickett, Omega’s Chief Executive Officer, stated, “Our second quarter financial performance exceeded our expectations. While we had expected a strong sequential improvement in FAD, as some restructured operators returned to paying rent, this was augmented by unanticipated additional rent payments from some operators on a cash-basis. To the extent that these incremental rents are not received in the third quarter, FAD may decline from its second quarter level. However, longer term, we believe our second quarter FAD highlights the earnings potential of the Company once these restructurings are concluded.”
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